Tuesday, April 12, 2016

Watchlist 4/13/16

Daily Process Goal 1 - Every day this week playbook the trade set up that made the most sense to you in detail utilizing the template provided.

Daily Process Goal 2 - Build your reasons to sell list for Trades2Hold.

Daily Process Goal 3 - Begin building your if / then statements.

Big Picture (SPY) - 207
The market was strong all day closing at the high of the day as oil closed at a new high for the year.  We are right on the area we have sold off from the last 3 days. 
Support - 206.10 / 206.50
Resistance - 207.25 / 207.50
Fresh News (Catalyst) - (These get updated the morning of the trading day).

MDVN - 45.73 - Takeover interest in this stock.  Set to open around 49.
Support - 47 / 47.30
Resistance - 50 / 51.50
Avg Daily Volume - 3.2M
ATR - 2.86
Short Interest - 2.44% 

JPM - 59.28 - Had good earnings this mornings.  Opening around 60.50.
Support - 60 / 60.50
Resistance - 60.75 / 61.20 / 62
Avg Daily Volume - 20M
ATR - 1.09
Short Interest - .84%

BABA - 77.86 - Removed from global list as restricted.  Opened 78.74.
Support - 78 / 78.50
Resistance - 79.60 / 80
Avg Daily Volume - 13.5M
ATR - 1.82
Short Interest - 11.90% 
Second Day / Technical Plays 
RLYP - 22.56 - Looks like it could break below 22 in the next day or so.
Support - 22 / 20
Resistance - 23.75 / 25
Avg Daily Volume - 2.46M
ATR - 1.90
Short Interest - 32.91%

AGN - 222.57 - Huge sell off as deal with PFE fell apart.  Announced in post market both sides would walk away from the deal.  Continues to offer short set ups
Support - 228 / 226.50
Resistance - 230 / 231.50
Avg Daily Volume - 3.56M
ATR - 10.35
Short Interest - 1.47%

SGMS - 10.09 - Closed on huge level of 10 on 4.4M volume.  If holds above 10 could fill gap into 11.50.
Support -
Resistance -
Avg Daily Volume - 1.38M
ATR - .49
Short Interest - 36.86%

SM - 25.48 - Huge move today on 2x Avg Daily Volume.
Support
Resistance
Avg DailyVolume - 5.24M
ATR - 2.02
Short Interest - 27.31%

HZNP - 13.42 - Huge down day yesterday on lowered sales and EPS forecast for Q1.
Support - 14 / 15.20 / 15.40
Resistance - 16.60
Avg Daily Volume - 3.9M
ATR - 1.19
Short Interest - 10.24%




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